Ambika Cotton cmp 1811.30 by Weekly Chart views Support Zone at Ambika Cotton cmp 1811.30 by Weekly Chart views
- Support Zone at 1375 to 1425 Price Band
-Volumes seems to be building up gradually
- Price making new highs above Falling Resistance & Rising Support Trendlines
- Weekly basis Support at 1685 > 1551 > 1425 with Resistance at 1960 > 2085 > 2271
- Bullish Rounding Bottom inclusive of Head & Shoulder patterns both indicative of good upside target
Ambikacottonmills
Ambika Cotton Mills Ltd | A Trending sectorAmbika Cotton Mills Ltd | A Trending sector
Ambika Cotton Mills is engaged in manufacturing and selling specialty cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and Knitting facility of converting 40,000 Kgs of yarn per day into fabrics.
Market Cap =₹ 1,014 Cr. ROCE=20.7 % ROE=14.5 % Debt to equity=0.00
Promoter holding =50.2 % Profit Var 3Yrs=28.9 % Sales growth 3Years=10.8 %
Return on assets=12.4 %
company s almost debt free and having good sales and profit growth.
chart shows rounding bottom and consolidation period over .
its time to up move in momentum side.
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